It seems like every time I mention one of these descriptive patterns, the market confounds the technical analysts and goes the other way. Even so, I'll play the law of averages, and I won't ignore the 800-pound gorilla in the room. Actually, that's Mike, the IT guy that the temp agency sent over. He likes to call himself a "Quant". (They think they know everything.)
In the image above, Mike is explaining how head and shoulder patterns are formed while demonstrating the best method for extracting ants from a hole with a can of compressed air.
Related Posts:
Seeing Is Believing
Holy Technical Reversal Signal, Batman
Thursday, July 28, 2011
The 800 Pound Reversal Signal
